| Any dissenting offeree would also be entitled to challenge the fair value of the buyout price. |
| Where control of the offeree company is at stake, it is important to ensure that its fate is decided by its shareholders. |
| Once the offeree has embarked upon a course of performance leading ultimately to a completed act of acceptance the offeror cannot withdraw the offer. |
| If the directive goes through, the board of a bidding or offeree company will have to declare its hand at the time of the bid. |
| The trade unions or other employees' representatives will have the right to comment on that before the offeree company comes to a decision. |
| The shareholders of the offeree company will need to know what the view of the employees is. |
